Novavax Says In Process Of Initiating New Cost Reduction Program, Targeting Additional Reductions to R&D And SG&A Expenses With Goal To Drive Below $750M For 2024
Portfolio Pulse from Benzinga Newsdesk
Novavax is initiating a new cost reduction program aimed at further reducing R&D and SG&A expenses. The goal is to drive total expenses below $750 million for the year 2024.

January 08, 2024 | 2:33 pm
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Novavax is launching a cost reduction program to decrease R&D and SG&A expenses, aiming for under $750M in 2024, which could improve financial stability.
The announcement of a cost reduction program is typically viewed positively by investors as it suggests a focus on improving profitability and financial discipline. For Novavax, targeting significant reductions in R&D and SG&A expenses could lead to improved margins and potentially a stronger bottom line. This strategic move is likely to be seen as a proactive step in managing expenses, which could result in a positive short-term impact on the stock price.
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